XRP News Today: Grayscale and Firms Revise XRP ETF Proposals After SEC Feedback

Grayscale, along with several other major asset management firms, has submitted revised proposals for spot XRP exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC), following recent regulatory feedback. The updated filings, which include adjustments based on the SEC’s input, were submitted by Grayscale, Bitwise, Canary, CoinShares, and others. This coordinated effort highlights the industry’s determination to align with regulatory expectations and advance the approval process for XRP-based investment products [1].

The timing of the filings is significant, as it follows a major legal development in the ongoing Ripple-SEC dispute. In late August, the Second Circuit Court of Appeals approved a joint stipulation of dismissal, effectively ending the case. This resolution, while not a legal victory per se, has been widely interpreted as a positive signal for the future regulatory treatment of XRP. With one of the most high-profile legal barriers removed, the path for XRP ETF approvals appears more navigable [2].

The market has already begun to react to the improved regulatory environment. XRP’s price rose by approximately 10% in early August, climbing from below $2.80 to $3.10. This increase is attributed in part to the optimism surrounding the potential for XRP ETFs to be approved. Additionally, the broader crypto market was influenced by comments from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which contributed to a general shift toward risk-on sentiment [3].

Analysts have weighed in on the implications of these developments. ETF expert James Seyffart noted that the swift revisions by ETF issuers indicate strong regulatory collaboration and suggest a process similar to that seen with Bitcoin and Ethereum ETFs. He described the moves as “a good sign, but also mostly expected,” highlighting the procedural normalcy in the ETF approval timeline [5].

Among the key amendments in the filings are changes to fund creation and redemption mechanisms, allowing for both in-kind and cash-based transactions. These revisions aim to address potential regulatory concerns and align the proposed XRP ETFs with conventional fund structures. The updated filings were submitted under S-1 registration statements, with firms like Grayscale, Bitwise, and Franklin Templeton making the necessary adjustments to enhance investor access and flexibility [6].

The collective push to refine XRP ETF proposals reflects a broader institutional interest in the token and suggests a shift in how digital assets are being treated in the U.S. financial system. With the legal dispute resolved and regulatory feedback incorporated, the XRP ETFs may be prioritized over other altcoin ETFs, given the clarity in the token’s legal status. Market participants are now closely watching the SEC’s upcoming decisions, which could determine the next stage of institutional adoption for XRP [4].

Source:

[1] AInvest, https://www.ainvest.com/news/xrp-news-today-grayscale-files-xrp-trust-major-firms-push-spot-etf-approval-2508/

[2] Yellow.com, https://yellow.com/news/sec-feedback-prompts-xrp-etf-revisions-from-4-major-investment-firms

[3] CoinCentral, https://coincentral.com/xrp-price-jumps-10-as-six-firms-update-spot-xrp-etf-proposals-with-sec

[4] The Crypto Times, https://www.cryptotimes.io/2025/08/24/grayscale-bitwise-and-others-file-updates-for-spot-xrp-etfs/

[5] Brave New Coin, https://bravenewcoin.com/insights/xrp-etf-news-xrp-traders-eye-sec-decision-as-grayscale-bitwise-and-canary-capital-amend-spot-etf-filings

[6] XT.com, https://www.xt.com/en/blog/post/asset-managers-file-amendments-for-spot-xrp-etf-proposals